Gold Medal Bakery Route, Greater Providence, Rhode Island

Gold Medal Bakery Route for sale $75,000! Currently grossing an estimated $188,862 in sales and nets $45,170 per year! Distributorship and territory is purchased through Gold Medal Bakery and its independent distributor. Gold Medal Bakery currently distributes it’s well-known brands of Fiber One and Talk Town english muffins, bagels, bread and rolls. This route currently has 34 accounts delivering to convenience stores, markets, restaurants and nursing homes. Some of the accounts are “Drop and Go”! Large route that has been established for 25 years. A truck is also included with this purchase. Territory for this route includes Greater Providence, Rhode Island region. Financing available through our third party source Apply Here.

Frequently Asked Questions:

Price:

$ $75,000

Per Month

Cash Flow:

$ $45,170

Per Month

Financing:

$ No

Per Month

Listing:

$ Sold

Per Month
Gold Medal Bakery Route
What are the day to day operations of this route?

To summarize, you will start your day by picking up your bread order from the warehouse in the morning hours and then proceed to deliver product to existing accounts that include: convenience stores and markets. Your responsibilities will include the following: evaluating and creating an order of product needed for the shelf, pull the order from your inventory, receive the order through the back door, and then fill the order to the shelf. Some accounts are “drop and go” which means that you are simply required to deliver the product.

What are the current average sales for this route?

Currently this route averages $3,632 per week in sales or $188,862 per year. Documentation will be provided to all serious buyers.

How do I get paid?

As an independent distributor you are paid by commission. This route currently receives an average of 38% of its gross yearly sales of $188,862, or weekly $3,632 ($1,380 per week).

How much can I make?

$1,380 per week is the routes weekly income average, or $71,768 per year! There is plenty of room for more growth! Route value can be increased by adding new accounts, new accounts opening, new product lines, and simple inflation.

Can I finance the route?

There is no seller financing for this route, and unfortunately banks will NOT write business loans against route based businesses for several reasons. You can review additional Financing Options Here.

What are my expenses and overhead?

Expenses include, but are not limited to: fuel, stale or damaged product and insurance (Note: route payments vary for each distributor, depending on how much money you put down verses how much you finance). The current owner estimates $511 per week or $26,598 per year in expenses/overhead.

What type of insurance do I need?

Typically a single owner operator of a route distributorship will need commercial insurance for their delivery vehicle and business liability insurance. Owners with multiple employees will need a multiple vehicle policy and workers’ compensation. Routes For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.

What type of vehicle do I need?

Owner services this route with a 2006 Ford E-350 truck (new engine) that is included with the purchase. Estimated value is $12,000. Common delivery vehicles used for this type of business are box trucks or trailers. If you are considering purchasing, leasing or financing a vehicle you can review additional information here.

What is the Gross vs the Net income?

The gross income for the route is $71,768 per year, minus your $26,598 yearly expenses as mentioned above gives you the net of $45,170 per year!

Do I have to pay for inventory or purchase product up front?

No, you do not have any out of pocket expenses when purchasing your inventory.

Gold Medal Bakery Route

Why is the distributor selling?

Seller is pursuing another business opportunity.

How long has the business been established?

The seller has owned the business for 25 years.

How many accounts does the route have and where is the warehouse located?

There are currently 34 accounts. The locations of the accounts and the warehouse will be disclosed upon execution of a Non Disclosure Agreement.

Do I get paid full commission when something goes on sale?

Because this route is unique and only wholesales, there are no promotions. You get paid full commission with every order.

How many days a week, and what hours do distributors work?

Distributors currently works 5 days a week taking Wednesdays and Sundays off. Hours on average are 4:00am to 12:00pm.

What about vacation time or personal days?

As an independent distributor/business owner you are responsible for servicing the route. It is our recommendation that you hire or train someone for additional time needed off. Additionally, you can network and hire distributors with previous route experience at RouteReliefDrivers.com.  Route Relief Drivers is a nationwide network that allows independent route distributors and vacation relief drivers to connect with each other. Each party negotiates its own terms and compensation.

What is required in order to qualify for purchase?

Typically, most company routes or distributorships will require you to attend an interview for approval from the company, background check, and form an entity such as an LLC or Corporation. This not only protects the company, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.

What else should I know?

Gold Medal Bakery delivers a quality product. The family business philosophy is simple: “start with the best possible ingredients, provide on-time, courteous service, and maintain a relationship based on honesty, integrity and good will.” The sky is the limit with this business and brand! Priced to sell at $75,000! Contact Us About This Route Here!

How can I learn more about these type of routes?

In order to provide New Buyers with as much information as possible we have put together a quick overview of the industry. Learn More About Independent Bread Routes Here! 

Disclaimer: Routes For Sale is a Broker that brings buyers and sellers together. Routes For Sale does not represent, or is not affiliated with the company the distributorship is being offered. All agreements are made between the buyer and seller and not Routes For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on a current 52 week sales average generated by the efforts of the current owner. As with any business you can make more or less.

Gold Medal Bakery
Rhode Island
Greater Providence Rhode Island United States